Audit & Accounting

The Financial Accounting Standards Board issued a proposed accounting standards update to request public comments on possible changes to two of its standards.

The Public Company Accounting Oversight Board has released the results of initial outreach efforts regarding auditors and generative AI.

Going concern opinions have slowly decreased over the last two decades, with the exception of spikes during the 2008 financial crisis and the years of the COVID-19 pandemic.

Daniel Dustin has named Kent Absec, Brenner Allen, William Emmer and Sedrik Newbern to key leadership roles at the National Association of State Boards of Accountancy, effective Aug. 1.

Service line leaders stand at the point where a firm's overall strategy meets the delivery of its actual services, says Sarah Dobek of Inovautus Consulting.

If CFOs were students, their grades would be taking a hit due to late homework.

The RSM network made five strategic acquisitions in Europe, including specialist audit and consulting firms in Austria, Denmark and France, plus a prestigious law firm in Spain.

Expiring provisions and a misunderstanding of how tax law is made top the list of client worries, practitioners say.

To achieve greater agility, accuracy and the foresight needed to adjust and adapt, businesses must shed the constraints of the financial close and embrace continuous accounting.

The bookkeeping solutions provider debuted its Generative Accounting Retrieval sYstem, GARY.